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Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.

Seat dealer wins 'special edition' Leon design contest

A MIDDLESBOROUGH Seat dealership has won a national competition to design a new 'special edition' Leon hatchback just by using the existing customisation options... and a bit of creative thinking. Jennings Seat won Seat UK's inaugural 'King of Leon' contest with its blue and black Leon FR that has been dubbed the 'S-Tech'.

Nissan Leaf with advanced-driver assist to begin public road tests in Japan

Nissan is about to begin testing advanced driver-assist systems in the real world, and a new Nissan Leaf is serving as the test bed for these technologies. This is all a part of Nissan's development of Autonomous Drive, a goal to achieve virtually zero fatalities in accidents involving its vehicles by the year 2020. Autonomous Drive can be said to be a further development of Nissan's Safety Shield, a system that has a 360-degree view around the vehicle that scans for risks and provides warnings to the driver, intervening automatically if necessary.